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Index Based Flood Insurance

Index-Based Flood Insurance (IBFI) covers possible damage caused by flood hazard based on an objectively measured parameter. If a certain rainfall amount or water level at a defined weather or gauging station is exceeded, the insurance pays out. Practical Action, as consortium lead, with its partners; is implementing Index Based Flood Insurance in Western Nepal. This brochure gives a brief introduction of the project, the consortium partners, partners in ground and objectives of the pilot project; in both English and Nepali languages.
Author:

Language: English
Published By: Practical Action
Published date: March 2022

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Comments

  • MD Majharul Islam says:

    This is an excellent initiative! Index-Based Flood Insurance (IBFI) seems like a practical solution for communities in flood-prone areas, especially in Western Nepal. Linking payouts to measurable parameters like rainfall or water levels makes insurance more transparent and accessible. It’s great to see Practical Action and its partners actively implementing this pilot project, empowering locals to mitigate flood risks while protecting their livelihoods. For more information on flood insurance options, you can also check out [this resource](https://insuredirect.com/flood-insurance/).